People Having a Bad Driving Record Find It Difficult to Buy

question 137

Multiple Choice

People having a bad driving record find it difficult to buy automobile insurance because insurance companies fear that ___________ may happen if they raise the premiums.

• A)adverse selection
• B)moral hazard
• C)risk aversion
• D)none of the statements associated with this question are correct

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Definitions:

Rescorla-Wagner

A model of conditioning that emphasizes the importance of the strength of the association between the conditioned and unconditioned stimulus.

CS Preexposure

A phenomenon where exposure to the conditioned stimulus before pairing it with the unconditioned stimulus can reduce the effectiveness of conditioning.

Sometimes-Opponent-Process Theory

A theory suggesting that emotional reactions to a stimulus are followed by opposite emotional reactions under certain conditions.

Conditioning Measures

Techniques and methods used in behavioral psychology to learn or instill new behaviours or responses in an organism through reinforcement or punishment.